Citigroup has been in a down trend since February sharing the same fate as other financial stocks that have underperformed the broader markets.
Now, GoNoGo Trend is painting strong purple “NoGo” bars as price tests recent lows. GoNoGo Oscillator has tested the zero line and has been turned away. This resistance suggests that momentum is back in the direction of the “NoGo” trend. With renewed bearish momentum on its side, look for the “NoGo” trend in price to attempt to set a new low.
